The wool industry says a slight decline in wool markets in the past fortnight is not cause for concern. 

The Eastern Market Indicator is sitting nearly 58% higher than this time last year off the back of a strong performance this calendar year. 

It's been driven by tightening supply and shifting demand for natural fibres instead of synthetics. 

Rural Editor Emily Minney spoke with Wool Producers Australia Chief Executive Jo Hall about the dip in the wool price.